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US card spend doubles_2


US government employees are likely to spend nearly $19 billion using purchasing cards, according to records obtained by the Associated Press (AP). The figure is more than double the spend of last year, reported recently by the General Accounting Office.
CEO predicts downturn_2


Oracle is unlikely to meet its earnings target for the quarter to 30 November, its chief executive has warned. Larry Ellison predicted earnings could be down by 10-15 per cent as customers are significantly delaying orders in the current economic climate. www.oracle.com
Defence collaboration_2


Defence companies from six European countries have joined forces to develop technologies for combat aircraft. The British, French, German, Spanish, Italian and Swedish governments will invest £92 million over the next three years in the project.
Moai merger announced_2
Firms may head abroad_2


A quarter of UK manufacturers are considering locating production overseas, according to Martin Temple, director-general of the Engineering Employers’ Federation (EEF).
Westland Horticulture_2


Contract claim denied_2


The Renewable Energy Company (REC) has failed to stop a contract allowing London Electricity to supply power to all of Thames Water’s sewage works and pumping stations.
Future bleak for yard_2


The UK business of shipyard group Cammell Laird still has no buyers, its receiver PricewaterhouseCoopers (PwC) has admitted. Its sites will close if none are found in the next few months and no new business from the private or public sector has been secured. PwC says the UK operations, which are to shed 350 further jobs in the coming weeks, could be sold to several buyers.
IBM launches platform_2


IBM has launched a broad e-business platform to enable firms to conduct transactions and data transfers with clients using different applications. Web Services is a joint project between its WebSphere, Tivoli and Lotus units, positioned as an alternative to Microsoft’s recently-introduced Windows-based .Net platform.
Nuclear ruling sought_2


Scottish Power is taking British Energy and Scottish and Southern Energy to court, in a bid to rewrite the Nuclear Energy Agreement (NEA).
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